Intel Targets Lower Spending With Altera Sale Complete
Semiconductor giant (NASDAQ: INTC) agreed earlier this year to sell a majority stake in FPGA designer Altera to an investment firm. Intel paid $16.7 billion for Altera back in 2015, but it was never able to thrive within the larger company. During the first half of 2025, Altera generated revenue of $816 million, a gross margin of 55%, and had $356 million in operating expenses, according to an SEC filing from Intel.
For comparison, Altera generated $454.4 million in the fourth quarter of 2014, which was prior to the acquisition. Over the span of more than a decade, Intel has completely failed to nurture Altera, and revenue has stagnated.
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